Expected to start in September
LEXINGTON, Ky. (Aug. 19, 2014) — Lexington Mayor Jim Gray today named Richard L. McQuady, former chief executive officer of the Kentucky Housing Corporation, as director of the newly created Office of Affordable Housing.
McQuady will work in conjunction with an advisory board to study housing market conditions, propose affordable housing programs, and work with partner agencies to evaluate program effectiveness.
“I look forward to working to create partnerships with public and private organizations to address the affordable housing needs of Fayette County,” McQuady said.
Earlier this year, Lexington dedicated $3 million in initial funding for affordable housing and $500,000 for a homelessness fund. Charlie Lanter, Director of the Office of Homelessness Prevention and Intervention, started work in May and will collaborate with McQuady in developing a 5-year strategic plan and housing needs assessment.
McQuady served more than 28 years with the Kentucky Housing Corporation before retiring last year. His responsibilities at KHC included oversight of both finance and homeownership programs. In addition to his position as CEO, McQuady also worked as chief financial officer, chief program officer and controller.
In July, McQuady was appointed to the board of directors for the nonprofit Ohio Capital Corporation for Housing. A resident of Lexington, McQuady is also a member of the Kentucky Society of Certified Public Accountants and the American Institute of CPAs. He earned a bachelor’s degree in accounting and a master’s degree in business administration from Eastern Kentucky University.
Pending approval of Council, McQuady will start his new position in September.